Verizon, AT&T Hire CEO for Smartphone Payments Venture

A telecommunications group including Verizon Wireless and AT&T Inc. (T) hired Michael J Abbot, a former executive with General Electric (GE), to run a venture that will let consumers pay for purchases using their smartphone.

Abbot, who was previ…

Another Problem for a Qantas Jet

Qantas, the Australian airline with a fatality-free flying record, suffered another flight mishap Monday. The latest problem was with an Argentina-bound Boeing 747 that experienced smoke in its cockpit an hour after takeoff.
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Why GE Should Try to Sell Off Some of Its Parts

Students helped columnist Peter Cohan come up with a fresh analysis that concludes that GE’s parts would be worth 16% more, broken up, than the company’s current market cap. Here’s what the company should try to sell — if inve…